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FKLI ended firmer on Tuesday, supported by buying in selected heavyweight counters. Market might limit losses today after latest announcement that entertainment industry get to reopen from 9th September onwards.
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Plan A : Attempt buy if market trades firmly above 1567.5. Targets are 1573.5 and 1578.5.
Plan B : Consider short only if market rebounds but fails to breach above 1577. Targets are 1573 and 1567.5.
FCPO
FCPO finally broke the consolidation range and spiked the second session. Dalian closed +84 at 8442 while soybean oil traded +0.27 at 58.03. Ringgit stays at RM4.15 against the greenback.
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Afternoon Plan
Plan A : Long if market supported firm above 4425. Targets are 4448 and 4471.
Plan B : Short if market failed to support above 4425. Targets are 4404 and 4381.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....